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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Fertiliser Market Size
The Vietnam fertiliser market reached approximately USD 4.63 billion in 2023. The market is projected to grow at a CAGR of 3.7% between 2024 and 2032, reaching a value of around USD 6.41 billion by 2032.
| Vietnam Fertiliser Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 4.63 |
| Market Size 2032 | USD Billion | 6.41 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.7% |
| CAGR 2024-2032 - Market by Region | Red River Delta | 4.3% |
| CAGR 2024-2032 - Market by Region | Mekong River Delta | 3.8% |
| CAGR 2024-2032 - Market by Type | Organic | 5.2% |
| CAGR 2024-2032 - Market by Application | Horticulture | 4.2% |
| Market Share by Region | Mekong River Delta | 16.3% |
Vietnam Fertiliser Market Outlook
- In the first half of 2024, agricultural production in Vietnam increased with nearly 3 million hectares of winter-spring rice cultivated, a growth of 1.2 thousand hectares from the previous year.
- Vietnam is targeting to incorporate organic fertilisers in 50% of the total cultivation area nationwide by 2050.
- In 2025, the Vietnamese Ministry of Agriculture and Rural Development (MARD) aims to increase the percentage of approved organic fertiliser products in circulation to 25%.
Vietnam Data Centre Report Snapshots
Vietnam Fertiliser Market Size
Vietnam Fertiliser Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.63 billion.
The market is estimated to grow at a CAGR of 3.7% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 6.41 billion by 2032.
The market is being driven by the growth in the agriculture sector, rising population, and increasing food demand.
The key trends aiding the market include the growing adoption of organic fertiliser and favourable government initiatives to support the agricultural sector.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different types of fertiliser are organic and inorganic.
The major players in the market are PVFCCo., VIETNAM NATIONAL CHEMICAL GROUP, AGRICULTURAL PRODUCTS MATERIALS JOINT STOCK COMPANY, Supe Lâm Thao, and Baconco, among others.
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